Bank OZK [OZK] fell -15.26% so far this year. What now?

Bank OZK [NASDAQ: OZK] traded at a high on 08/10/20, posting a 1.85 gain after which it closed the day’ session at $25.85. The company report on July 23, 2020 that Bank OZK Announces Second Quarter 2020 Earnings.

Bank OZK (the Bank) (Nasdaq: OZK) today announced that net income for the second quarter of 2020 was $50.3 million, a 54.5% decrease from $110.5 million for the second quarter of 2019. Diluted earnings per common share for the second quarter of 2020 were $0.39, a 54.7% decrease from $0.86 for the second quarter of 2019.

For the six months ended June 30, 2020, net income was $62.1 million, a 71.9% decrease from $221.2 million for the first six months of 2019. Diluted earnings per common share for the first six months of 2020 were $0.48, a 71.9% decrease from $1.71 for the first six months of 2019.

The results of the trading session contributed to over 1082756 shares changing hands. Over the past one week, the price volatility of Bank OZK stands at 3.60% while the volatility over the past one month is 3.82%.

The market cap for OZK stock reached $3.23 billion, with 129.24 million shares outstanding and 119.09 million shares in the current float. Compared to the average trading volume of 1.17M shares, OZK reached a trading volume of 1082756 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Bank OZK [OZK]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OZK shares is $27.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OZK stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Raymond James have made an estimate for Bank OZK shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 17, 2020. The new note on the price target was released on June 17, 2020, representing the official price target for Bank OZK stock.

The Average True Range (ATR) for Bank OZK is set at 0.97, with the Price to Sales ratio for OZK stock in the period of the last 12 months amounting to 2.91. The Price to Book ratio for the last quarter was 0.82, with the Price to Cash per share for the same quarter was set at 10.80. Price to Free Cash Flow for OZK in the course of the last twelve months was 15.75.

How has OZK stock performed recently?

Bank OZK [OZK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.90. With this latest performance, OZK shares gained by 15.35% in over the last four-week period, additionally sinking by -7.78% over the last 6 months – not to mention a drop of -5.38% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OZK stock in for the last two-week period is set at 62.88, with the RSI for the last a single of trading hit 67.09, and the three-weeks RSI is set at 58.69 for Bank OZK [OZK]. The present Moving Average for the last 50 days of trading for this stock 24.05, while it was recorded at 25.08 for the last single week of trading, and 25.09 for the last 200 days.

Bank OZK [OZK]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Bank OZK [OZK] shares currently have an operating margin of +44.43. Bank OZK’s Net Margin is presently recorded at +33.53.

Return on Total Capital for OZK is now 12.41, given the latest momentum, and Return on Invested Capital for the company is 9.41. Return on Equity for this stock inclined to 10.75, with Return on Assets sitting at 1.85. When it comes to the capital structure of this company, Bank OZK [OZK] has a Total Debt to Total Equity ratio set at 17.02. Additionally, OZK Total Debt to Total Capital is recorded at 14.54, with Total Debt to Total Assets ending up at 3.00. Long-Term Debt to Equity for the company is recorded at 16.74, with the Long-Term Debt to Total Capital now at 14.31.

Reflecting on the efficiency of the workforce at the company, Bank OZK [OZK] managed to generate an average of $153,535 per employee.

Earnings analysis for Bank OZK [OZK]

With the latest financial reports released by the company, Bank OZK posted 0.81/share EPS, while the average EPS was predicted by analysts to be reported at 0.82/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OZK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Bank OZK go to 12.00%.

Insider trade positions for Bank OZK [OZK]

There are presently around $2,832 million, or 88.70% of OZK stock, in the hands of institutional investors. The top three institutional holders of OZK stocks are: STATE STREET CORP with ownership of 13,914,334, which is approximately -0.751% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 11,466,333 shares of the stock with an approximate value of $296.4 million in OZK stocks shares; and BLACKROCK INC., currently with $287.42 million in OZK stock with ownership of nearly -2.803% of the company’s market capitalization.

Positions in Bank OZK stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 142 institutional holders increased their position in Bank OZK [NASDAQ:OZK] by around 8,121,516 shares. Additionally, 176 investors decreased positions by around 7,344,167 shares, while 38 investors held positions by with 94,101,510 shares. The mentioned changes placed institutional holdings at 109,567,193 shares, according to the latest SEC report filing. OZK stock had 42 new institutional investments in for a total of 1,233,511 shares, while 63 institutional investors sold positions of 1,295,730 shares during the same period.

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